Acme sales up 16 percent

24 October 2006 — Fairfield (CT): Acme United has posted a 16 percent rise in Q3 net sales to $15.5 million, compared to $13.4 million a year earlier.

Net income for the quarter was $1.2 million or diluted EPS of $0.33, compared to net income of $200,000 or diluted EPS of $0.05.

 

Excluding a one-off pre-tax charge of $1.5 million during Q3 2005, relating to the demolition of a former manufacturing site, net income would have been $1.13 million or diluted EPS of $0.29.